Fisheries Management (General) Regulation 2019
185Transferee owns more than one fishing business
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185 Transferee owns more than one fishing business
185 Transferee owns more than one fishing business
(1) If a transfer of an endorsement or share is permitted if the person to whom the transfer is made (the transferee) is the owner of a fishing business (or a particular kind of fishing business), and the transferee is the owner of more than 1 fishing business, the transferee must nominate 1 fishing business against which compliance with the fishing business transfer rules, in respect of that transfer, is to be assessed.
(2) If the transfer is approved by the Secretary, the fishing business determination in respect of the nominated fishing business is to be amended so that the transferred endorsement or share becomes a component of the nominated fishing business.